The COVID-19 pandemic highlighted the significant impact of health conditions on household finance. Traditional measures of financial resilience ignored households' ability to adjust to labor income disruptions. We proposed a more comprehensive two-tier measure of financial resilience by accounting for nonlabor income and spending adjustments in the face of income loss associated with health situations. Using this measure, we evaluated the financial resilience of two-worker households with members having COVID-19 health risk conditions and other mental and physical chronic diseases. Our findings showed that households with cancer patients were more financially resilient yet those having obese members were less financially resilient. Decomposition of the financial resilience measure revealed differences in financial resources allocation—households with cancer patients allocated more wealth to noncash financial assets, whereas households with obese members saved less and spent more. Our findings shed light on financial planning practices and public policies of emergency assistance.

中文翻译：

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从健康角度看双职工家庭的财务弹性

COVID-19 大流行凸显了健康状况对家庭财务的重大影响。传统的财务弹性指标忽视了家庭适应劳动力收入中断的能力。我们提出了一种更全面的两层财务弹性衡量标准，通过考虑非劳动收入和支出调整来应对与健康状况相关的收入损失。使用这一指标，我们评估了成员患有 COVID-19 健康风险状况和其他精神和身体慢性疾病的两名工人家庭的财务弹性。我们的研究结果表明，有癌症患者的家庭财务弹性更强，而有肥胖成员的家庭财务弹性较差。对财务弹性指标的分解揭示了金融资源配置的差异——有癌症患者的家庭将更多财富分配给非现金金融资产，而有肥胖成员的家庭储蓄较少，支出较多。我们的研究结果揭示了财务规划实践和紧急援助公共政策。